Punjab National Bank

Timelines
Top 100 wilful defaulters owe Rs. 84,632 crore to banks

10 Feb 2021

Top 100 wilful defaulters owe Rs. 84,632 crore to banks

The amount of money that the top 100 wilful defaulters owe banks increased in FY20, as compared to a year earlier. The defaulters owe Rs. 84,632 crore to lenders, up from FY19's figure of Rs. 80,344 crore.

Nirav Modi's sister, brother-in-law turn approvers, will testify against him

06 Jan 2021

Nirav Modi's sister, brother-in-law turn approvers, will testify against him

Fugitive diamantaire Nirav Modi's younger sister and brother-in-law have turned approvers in the Punjab National Bank (PNB) scam case and will now testify against him after a special court in Mumbai accepted their request seeking a pardon on Monday.

VHP to start fund-raising drive in Karnataka for Ram temple

22 Dec 2020

VHP to start fund-raising drive in Karnataka for Ram temple

The Vishva Hindu Parishad (VHP) will rope in over five lakh volunteers to start a door-to-door fundraising drive in Karnataka from January 15 to February 27, 2021, to build a grand Sri Ram Temple in Ayodhya, the outfit's international working president Alok Kumar said on Tuesday.

FinCEN files: All you need to know about the leak

21 Sep 2020

FinCEN files: All you need to know about the leak

Several Indian banks helped facilitate transactions red-flagged by the United States Treasury Department's Financial Crimes Enforcement Network (FinCEN) for suspected money laundering, terrorism, drug dealing, and financial fraud, a major leak of top-secret documents has revealed.

Mehul Choksi moves Delhi HC over Netflix's 'Bad Boy Billionaires'

26 Aug 2020

Mehul Choksi moves Delhi HC over Netflix's 'Bad Boy Billionaires'

Fugitive diamond merchant Mehul Choksi on Wednesday moved the Delhi High Court against an upcoming Netflix docuseries.

Yes Bank rescue plan unveiled, withdrawals restrictions to be lifted

14 Mar 2020

Yes Bank rescue plan unveiled, withdrawals restrictions to be lifted

Crisis-hit Yes Bank got a lifeline after the Union Cabinet, chaired by Prime Minister Narendra Modi, notified a reconstruction plan backed by the State Bank of India (SBI).

#FinancialBytes: What is advance tax and who should file it?

08 Dec 2019

#FinancialBytes: What is advance tax and who should file it?

Income tax accounts for a significant part of the government's revenue, and it is the responsibility of taxpayers to pay the required tax on the income they earned during a year on time.

If extradited to India, I will kill myself: Nirav Modi

07 Nov 2019

If extradited to India, I will kill myself: Nirav Modi

Fugitive diamantaire Nirav Modi, who is lodged in a prison in UK, wants to be released. And now, that his bail pleas have been junked repeatedly, he has taken to threats.

13 cars linked to Nirav Modi to be auctioned soon

03 Nov 2019

13 cars linked to Nirav Modi to be auctioned soon

As many as 13 motor vehicles, including luxury cars, linked to disgraced diamond businessman Nirav Modi are set to be auctioned by the Enforcement Directorate in Mumbai on Thursday, November 7.

'Crook' Mehul Choksi will be deported to India: Antigua PM

26 Sep 2019

'Crook' Mehul Choksi will be deported to India: Antigua PM

The days of Mehul Choksi's freedom are numbered and if all goes well, he will be deported to India, a statement from Antigua and Barbuda Prime Minister has hinted.

Ahead of bank merger, PNB reduces FD interest rates again

01 Sep 2019

Ahead of bank merger, PNB reduces FD interest rates again

Ahead of its merger with Oriental Bank of Commerce and United Bank of India, the state-run Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates yet again.

Government to merge 10 major public sector banks into 4

30 Aug 2019

Government to merge 10 major public sector banks into 4

In a major move, the Indian government has announced the plan to merge public sector banks.

After SBI, Punjab National Bank revises fixed deposit interest rates

01 Aug 2019

After SBI, Punjab National Bank revises fixed deposit interest rates

Days after the State Bank of India announced that it will reduce the interest rates on fixed deposits (FDs), the Punjab National Bank (PNB) also revised its FD interest rates.

Mallya and Modi's extradition cases to be heard in 2020

31 Jul 2019

Mallya and Modi's extradition cases to be heard in 2020

In a recent development, the extradition trial of fugitive businessman Nirav Modi in UK's Westminster Magistrates Court will be held next year, reports HT.

Sensex plunges over 900 points, Nifty slips below 11,600 points

08 Jul 2019

Sensex plunges over 900 points, Nifty slips below 11,600 points

Benchmark equity indexes S&P BSE Sensex and NSE Nifty 50 continued to decline for a second consecutive session on Monday. Sensex lost over 900 points in late afternoon trade, while the broader Nifty tanked by over 245 points.

PNB reports Rs. 3,800cr fraud by Bhushan Power & Steel

07 Jul 2019

PNB reports Rs. 3,800cr fraud by Bhushan Power & Steel

Punjab National Bank (PNB) on Saturday said that it has detected a fraud of Rs. 3,800 crore in the non-performing asset (NPA) account of Bhushan Power & Steel Limited (BPSL).

Swiss bank accounts of Nirav Modi, having Rs. 280cr, seized

27 Jun 2019

Swiss bank accounts of Nirav Modi, having Rs. 280cr, seized

There seems to be no end to troubles of beleaguered diamantaire Nirav Modi, who is the prime accused in the Rs. 13,700 crore PNB fraud.

Nirav Modi's fourth bail plea rejected by UK court

12 Jun 2019

Nirav Modi's fourth bail plea rejected by UK court

On Wednesday, the Royal Courts of Justice denied the bail application of fugitive businessman Nirav Modi. This was the fourth time that Modi, a prime accused in multi-crore PNB scam, approached a court seeking respite.

#FinancialBytes: Fixed Deposit (FD) rates of top public, private banks

29 Apr 2019

#FinancialBytes: Fixed Deposit (FD) rates of top public, private banks

When it comes to investment options, Fixed Deposits (FD) are among the top choices in India as they guarantee fixed returns to investors.

London court rejects Nirav Modi's bail plea for third time

26 Apr 2019

London court rejects Nirav Modi's bail plea for third time

On Friday, a UK court rejected bail application of fugitive Indian businessman Nirav Modi for the third time. He was presented before Westminster Magistrates Court via video conferencing.

#FinancialBytes: All about minimum account balance rules of top banks

26 Apr 2019

#FinancialBytes: All about minimum account balance rules of top banks

Regular savings bank accounts are the most popular type of bank accounts. They are also one of the safest investment options as they allow accountholders to save their money, use it anytime, and also earn interest.

Nirav Modi-owned 13 luxury cars to go under hammer

01 Apr 2019

Nirav Modi-owned 13 luxury cars to go under hammer

After his 68 artworks, fugitive billionaire Nirav Modi's 13 luxury cars will reportedly go on auction on April 18.

ED officer probing Nirav Modi case removed, reinstated hours later

30 Mar 2019

ED officer probing Nirav Modi case removed, reinstated hours later

In a concerning turn of events, the Enforcement Directorate officer who was investigating the Nirav Modi case was relieved of his duties on Friday evening, only to be reinstated at the post hours later.

#NiravModiExtradition: London court rejects fugitive Nirav Modi's second bail plea

29 Mar 2019

#NiravModiExtradition: London court rejects fugitive Nirav Modi's second bail plea

The Westminster Magistrates' Court in London has once again denied bail to fugitive diamantaire Nirav Modi wanted in the Rs. 13,500-crore Punjab National Bank scam.

68 artworks owned by billionaire Nirav Modi up for auction

26 Mar 2019

68 artworks owned by billionaire Nirav Modi up for auction

68 artworks, owned by fugitive billionaire Nirav Modi, which are at display for preview in Mumbai's JK Banquet, are set to go on auction today.

Nirav Modi planned plastic surgery to evade arrest: Report

21 Mar 2019

Nirav Modi planned plastic surgery to evade arrest: Report

Fugitive diamantaire Nirav Modi, the prime accused in the Rs. 13,000 crore Punjab National Bank fraud, tried different routes to evade arrest, reports TOI.

After Nirav Modi's bail rejection, PM says "Chowkidar is alert"

21 Mar 2019

After Nirav Modi's bail rejection, PM says "Chowkidar is alert"

Fugitive businessman Nirav Modi, who is the prime accused in the Rs. 13,000 crore PNB fraud, was denied bail by a UK court on Wednesday. He will stay in prison till March 29.

Fugitive businessman Nirav Modi arrested in London, claims report

20 Mar 2019

Fugitive businessman Nirav Modi arrested in London, claims report

Nirav Modi, the fugitive businessman, who is the main accused in the multi-crore PNB scam has been arrested in London, claimed NDTV.

Mehul Choksi's namesake just submitted thesis on PM Modi

18 Mar 2019

Mehul Choksi's namesake just submitted thesis on PM Modi

A student from Surat has submitted his doctorate thesis on Prime Minister Narendra Modi. Just like the subject of his research, the name of the student is equally interesting- Mehul Choksi.

India didn't show interest in pursuing Nirav Modi's case: Report

13 Mar 2019

India didn't show interest in pursuing Nirav Modi's case: Report

India apparently didn't show interest in pursuing the case of Nirav Modi, the fugitive diamantaire who was spotted in London last week claims a report by NDTV.

India wants "naya" Pakistan to take "naya" action against terrorism

09 Mar 2019

India wants "naya" Pakistan to take "naya" action against terrorism

A day after Pakistan Prime Minister Imran Khan said he wouldn't allow his country's soil to be used for terrorism abroad, New Delhi on Saturday asked him to move beyond words.

Nirav Modi spotted in London, running diamond business: Report

09 Mar 2019

Nirav Modi spotted in London, running diamond business: Report

Nirav Modi, the fugitive diamantaire wanted in the multi-crore PNB scam, is living freely in London, a report in The Telegraph confirmed.

Nirav Modi's bungalow, worth Rs. 100 crore, demolished using explosives

08 Mar 2019

Nirav Modi's bungalow, worth Rs. 100 crore, demolished using explosives

Fugitive diamantaire Nirav Modi's sprawling seaside bungalow located in Alibaug, Maharashtra was demolished on Friday.

One Nation One Card: All you need to know

05 Mar 2019

One Nation One Card: All you need to know

In a bid to facilitate seamless travel payments across the country, Prime Minister Narendra Modi launched a new initiative termed 'One Nation One Card.'

#FinancialBytes: How to open a PPF account

25 Feb 2019

#FinancialBytes: How to open a PPF account

Public Provident Fund, popularly known as the PPF scheme, is a long-term savings scheme, launched by the National Savings Institute, Government of India, in 1968.

5 ways in which you can donate to Indian Army

15 Feb 2019

5 ways in which you can donate to Indian Army

The Indian Army is one of the largest and best armies in the world.

Urjit Patel first RBI Governor to officially resign since 1957

11 Dec 2018

Urjit Patel first RBI Governor to officially resign since 1957

Reserve Bank of India (RBI) Governor Urjit Patel's resignation from his post has made him the third RBI Governor to officially resign.

Banks shut for three days this week: Details here

23 Nov 2018

Banks shut for three days this week: Details here

All Scheduled Commercial Banks including SBI (State Bank of India), PNB (Punjab National Bank), HDFC Bank and ICICI Bank, in several areas, witnessed three holidays this week, owing to different festivals.

Richest member in Chandrababu's family is his four-year-old grandson

22 Nov 2018

Richest member in Chandrababu's family is his four-year-old grandson

Nara Devansh, the grandson of Andhra Pradesh Chief Minister Chandrababu Naidu is the richest member of the family, having assets worth Rs. 18.71 crore.

PNB Scam: Mehul Choksi's associate Deepak Kulkarni arrested in Kolkata

06 Nov 2018

PNB Scam: Mehul Choksi's associate Deepak Kulkarni arrested in Kolkata

After months, authorities have finally made a break in the Rs. 13,000cr PNB fraud case.